Skip to main content

About your Search

20130113
20130121
STATION
FBC 5
MSNBCW 5
CNBC 4
CNNW 3
MSNBC 2
LANGUAGE
English 25
Search Results 0 to 24 of about 25 (some duplicates have been removed)
emphasis on the view that the debt ceiling deal fall short in what our view would be necessary to stabilize the government median term debt dynamics. translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win i
the government borrow more money effectively raising the debt ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republicans are trying to force it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path and i would think all the american pub
at the confirmation hearings. also congress has got to deal with the debt ceiling. we're hitting it yet again. sometime in mid-february, authorities believe. and this time it looks like republicans will be pushing for cuts and social will be on the table. finally, you mentioned vice president biden meeting today with cabinet members to finalize recommendations on guns including pushing for an assault weapons ban, but also what he said is a comprehensive approach to gun control. the nra and others don't believe in assault weapons ban can pass in congress. we'll get his recommendations tomorrow. >> thank you. >>> colin powell is speaking out on nbc's "meet the press" he endorsed chuck hagel to be the new defense secretary. he said hagel would do a great job at the pentagon. powell also fired harsh words at his own republican party. >> there's also a dark -- a dark vain of intolerance in some parts of the party. what do i mean by that? what i mean by that they still sort of look down on minorities. how can i evidence that? when i see a former governor say that the president is shucking and jivin
deficit reduction plan. understand that fitch is not just looking for an 11th hour debt ceiling deal that sets the table for another mini crisis down the road. the federal government hit the debt limit as you know on december 31st. the treasury is using so-called extraordinary measures to pay its bills through mid-february or early march. now, fitch predicts washington will extend the debt ceiling despite the current war of words between president obama and republicans in congress. what happens if we get downgraded? it happened before. remember 2011, when standard & poor's did it. that hit markets and the wider economy hard, but it didn't cause interest rates to increase. this time could be different, however, because the rest of the world is getting its act together. even successful businesses like ford are worried. here's what ceo alan mulally told me today. >> i think the most important thing to your point is that we come together around a solution that allows us to live within our means, to reduce our budget deficits, and also to deal with our trade deficits, and create an enviro
.s., much hinges on how washington handles this debt ceiling next. but not all, fitch said that problem is we never seem to get around to deals with the problem behind that mess. quoting fitch a riley, fundamental credit strengths are eroded by large studily declining structure budget deficit, and high and rising public debt. what fitch is not saying, but almost screaming is, the washington sons of fitches are doing not about it, they screamed it. after the cliff, get ready for the crash. i'm not surprised we could still be cut. i'm surprised that fitch has not already done so, john campbell said that triple a rated countries do not we behave this way. i'm surprised it has not already happened. what do you think? >> i know, i just, you know there isal this talk if we get into a big fight over trying to reduce entitlements and making a long-term solution to this, that fitch or some rating agencies may cut our credit rating at this point. if that is what they are doing, they have it backwards. what they should do is they should look at reducing our credit rating, if we don't -- if we do
had word that gop controlled house might have a deal. might vote next week to raise the debt ceiling for even three months. there is a very muted reaction and what to watch here are how people are buying etfs. this is the s&p 500. you can buy it in a single stock and you might say, oh, gee, there is a move there to the far right on the upside when the announcement came. but it is a very, very narrow amplitude. very narrow range of trading. that's about three points on the s&p 500. the volume did pick up and we will have volume towards the heavy side today. if you think that is good news pushing the debt ceiling out for stocks and i think generally would you look at it as good news, it certainly is fairly muted here. as for the major indices for the week, what simon was just talking about, there are deeper cyclical changes. big industrial names have been generally outperforming and that is very good news, if you think the global economy, those stocks would more closer would the global economy. >> you get this, this real tight hugging of the flat line friday. monday, tuesday, wednesday
's got to get a deal with congress. >> right. >> to raise the debt ceiling. he says he's not negotiates with congress to raise the debt ceiling, and the congress says you ain't beginning to get anymore money unless you cut spending, and he won't cut spending. >> what eric talked about, going on a public relations campaign. it's a whistle stop thing, come on tv every day as it gets closer and closer saying these republicans are ready to kill this congress. >> straighten something out. if we go over the debt ceiling, run -- >> we have already. >> we don't default, do we? we do not default. >> we don't ever really default. we can always continue to pay the bills, print the money. >> tax money comes in. >> talk politically. president obama will stump and campaign saying it will be unpay patriotic for the republicans to not raise a debt ceiling after he's already said it's unpatriotic to exceed the debt ceiling in 2007-2008. he's in a very, very tough place. i think the republicans in the house in congress will give him a hard time, won't make it an easy checkbook. they'll ask for something
deficit reduction deals that were contingent upon or in the context of raising the debt ceiling. you yourself four times have done that. three times those have been related to budget deficit maneuvers. what chuck and i and i think many people are curious about is this new adamant desire on your part not to negotiate when that seams to conflict with the entire history of modern era presidents on the debt ceiling and your own history on the debt ceiling, and doesn't that suggest that we are going to go into a default situation because nobody is talking with each other about how to resolve this? >> no, major, i think if you look at history, getting votes for the debt ceiling are always difficult. but we never saw a situation as we saw last year in which certain groups in congress took such an absolutist position, that we came within a few days of defaulting. and the fact of the matter is that we have never seen the debt ceiling used in this fashion, where the notion was, you know what, we might default, unless we get 100% of what we want. that hasn't happened. now, as i indicated before
the federal government runnings, either because you have hit the debt ceiling or because you have run out of legal authority to spend money, because the spending bill has expired, everything else looks secondary by comparison. i think both side agree you have to deal with this first. then maybe you move on to guns and immigration and other issues down the line of the first order of business of the government is to fund the government itself. you've got to do that first and that is really i think the way washington looks for the next couple weeks. tracy: i have a few seconds. we've been hearing and rich edson reporting they might talk about delaying obamacare to keep money on the table. do you actually think that would fly? >> no, i don't. i think that is probably not possible. other things that happen short of that. you will not get votes in the senate to see happen. tracy: gerry seib, thanks for being here and explaining at least some of it to us. "wall street journal's" gerry seib. >> sure. tracy: it is confusing. lori: the bottom line is our debt-to-gdp ratio is unsustainable. tracy: r
cuts. ahead of the debt ceiling debate alan simpson will join me. we'll get his take on that and a lot more. stay with us. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. . >>> welcome back. okay. some painful news for drug-maker johnson & johnson. cvs says it will not carry its tylenol products in its stores after years of disruption. pfizer is the news of breakup speculation. if you're sho
the way he is handling the debt ceiling, i think he understands that he has a lot of high cards he is going to play those, and the republicans are in some disarray here. tom cole in the house leadership say half the republicans voted against the fiscal cliff deal secretly hoped it passed. we've entered a new kind of framework. guns are a different story. it's going to be tough, maybe impossible to pass all the different stuff the president proposed, and some like the background checks, 90% of americans are for them. nra numbers are for them. one really big thing is happening. the old line that this is about conphysician cat iing people's guns taking guns away from hunters has been opposed because this has been too vivid a tragedy, and the president has been so swift and so clear. >> and anybody who goes back and looks at the heller case, the d.c. gun case, knows that the supreme court has made it very clear this is want about confiscating your guns, but some restrictions on military weapons are quite legal and constitutional. >> they have to be. looking in the 1930s we had a big pr
in a major way with the debt ceiling. he's been clear on what he expects going forward. he was very clear about what he expects for the fiscal cliff negotiations and we've seen him dealing with the sandyhook kind of crisis with signing executive actions. i think the president is going to continue to do that and the republican party is just going to have to compromise. >> maria, theresa and angela, thank you both for your time tonight. >> thank you, reverend. >> coming up, two big birthday surprises. today, from the first lady, you'll want to see what everybody is talking about. >>> but, first, 50 years ago, civil rights activists medgar evers was murdered in mississippi. his widow vowed to carry on his legacy. and on monday, she'll make history at president obama's inauguration. we are honored to have her join us live tonight. she's still the one for you - you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your abi
displaced and more concerned about dysfunction in washington. liz: spending cuts and the debt deal highly important. 76 percent of those the you surveyed said is very important to their money, and some. how would it be impact full on people's portfolios if there is not a debt ceiling bill? >> i think what is going to happen is that i think investors are actually being very pragmatic about how they are addressing the issues in washington. investors are incredibly adaptive creatures. so what you're seeing is investors right now, okay. rather than looking for the big deal, let's clear these turtles. liz: come home like they're missing the rally. >> but they are starting to see levels of engagement. the notion that everyone is on the sidelines is misplaced. plenty of cash, zero people are selectively engaging. we are trying to get people to engage in a thoughtful way in areas where we think the risk/reward clearly favors you. liz: the people feel that 40 percent of significantly better than one year ago. 56 percent get about their financial situation. inching higher. they are not doing much w
with the fiscal cliff, they've heard us with the election and the last debt ceiling. and they heard us with the italian bonds. they're saying, maybe the media is too negative. >> speaking of deals, let's talk about one deal that does not look like it's going to happen. u.p.s. is abandoning the takeover of dutch delivery firm citing resistance from european regulators. u.p.s. had sought to buy them for the european network in business in asia and latin america. not entirely a surprise, i would imagine, since the ecb had sent a number of requirements out. >> but melissa, i think there was a generally held belief this was making good progress. i think the reason you're seeing tnt shares down so sharply because it was something of a surprise. you know, it may trade over there, but the fact ,t is owned largely to -- well, over here, and as you might expect hedge funds have been big players in this. they are getting -- well, they're just getting crushed today, as you see that stock down. it was a debate about creating competition there. there appeared to be the dpd division of lepost, the fr
against raising the debt ceiling which tends to be popular. people -- you know, the american public, they hear debt ceiling and they think no, let's not do that. that sounds awful to give government more money to spend. he's trying to turn it around. but it absolutely is a dynamic that he exemplploited when he w senator. >> robert costa, let's look at this for a minute. republicans have a tricky situation. because the country does not want us to default. and this whole business of managing accounts and prioritizing, there's 80 million payment accounts. i know the interest on the debt will be paid, but to some extent the gop has got to watch itself, robert. they could come really at the wrong end of a massive public relations blunder. >> that's exactly right, larry. the president's press conference today really was first battle in this public relations war. what matters is that the president is out there for an hour, making his case to the american people. what the republicans need to do a better job is making their case. now, it's easy to point fingers on capitol hill and say, well,
's coming up in march? funding the government and raising the debt ceiling. >> oh, sure. yes, we can. i'm not too sure -- >> i understand, but do you think that's going to happen? >> no, i don't. i do believe that the house will postpone any consideration of anything resembling gun control until such time that the senate acts and i think the house is going to focus all of its attention on the debt ceiling and the sequestration. >> white house says they're not negotiating. yet senate democrats have win a letter basically begging the president to come up with a plan b. if the house republicans saying they're not going to raise the debt ceiling without they're going to use it as leverage and the president says no, then the president needs to come up with a plan b. do you think the president needs a plan b. >> well, plan b, to me, is the executive order and i know what the white house has said about that. you may recall -- >> when you say exec tiff order, do you mean the 14th amendment option? >> i've been here for two years now. they're saying ever since they had the last debate and i thin
to dealing with the democrats on the issue of debt and much more. ohio senator rob portman is here. and what do you make of obama, only 2006 a vote against the debt ceiling. >> it went further than that. he said it would be unpatriotic. >> sean: that's another, i actually have that clip. you want to see it. >> sure. >> sean: let's show the videotape. >> the problem is, is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from 5 trillion dollars for the first 42 presidents, number 43 added 4 trillion dollars by his lonesome, so we now have over 9 trillion dollars of debt that we are going to have to pay back. $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >> sean: now at 16 trillion and $52,000 for every man, woman and child without unfunded liability. >> i posted 6 trillion dollars ago actually. another thing that he said, sean, i think is equally important, this means republicans don't want to pay our bills. i think he's missing the point entir
, in march, government spending does run out. they would focus on a longer-term debt ceiling increase sometime in april or may. that is the strategy from house republicans. president obama says he has not even entertained any type of negotiations. republicans should agree to raise the debt ceiling because having to raise it is the result of appropriations already passed and signed into law. back to you. melissa: thanks so much. ashley: here with reaction to the gop when it peter welch. thank you for joining us. you say, look, republicans are making it an "economic weapon of mass distraction." do they get is a continuation of that? >> it is actually progress for the republican confidence, but it is not progress for the country. that tack tick is not one that they can hold onto because they know it will plunge this country into a deeper recession. they have been -- it is a way to say they are avoiding. ashley: it really is not addressing the issue, though, what will it take to get that in place. i know that you, of course, have been leading the charge to have the president to prevent th
in the debt ceiling would enable them to come to some sort of a deal not without caveats on spending. turk turk tied to. the budget. the senate hasn't in three years. unless the senate comes up with a budget by april 15th. no more pay for members of congress. which might be a stimulus of its own kind. >> alisyn: there is a new fox news poll about how americans are feeling about this. all of our budget battles. here is the question we asked. is government spending being managed carefully or out of control? not surprisingly now 83% of you say that it is out of control verses just 11% who say it's managed carefully and those numbers have become more extreme in the past two and three years. >> here is another big question we asked you fox news poll should the debt limit be raised again? of course it's been raised every year. the majority of you said only after major cuts are put in place. 69%. yes, it would be reckless not to raise the debt ceiling. >> which of course is president obama's position, 23% one there because he says this is like we have run up our credit card bill. this is like not
or not debating is the idea that the debt ceiling in the united states is a very unusual tool, only one other country has it. and it is because what used to happen is whenever the government needed to spend money, particularly when you're in a deficit, the treasury of the united states would have to go out and issue bonds in order to get cash to pay for it. and that was just a cumber some, awkward thing to do. what they did was create this debt cerealing which meant t ce could issue bonds for chunks of money not related to every single law that was passed. it was just because it was cumbersome. it is not a debt control or spending control measure. the president used an analogy today, used many, to say this is like eating at a restaurant, having your fill and not paying the bill. if you want to discuss -- >> dine and dash. >> yes, dine and dash. we have two problems. one is we have to understand the terms of this thing. this is about increasing the treasury's ability to pay for things that have already been committed to by the government. the danger is if you have this discussion about not pay
a cliff, not a debt ceiling, but a spending one, where the government would shut down. he thought that that would pin them with responsibility. the president didn't want to do that. so they ended up coming up with a deal. you get some sense from these interviews about the tough decisions and the factors that go into the decision making that has taken place over the last four years. >> peter baker, thanks very much, for coming on. we appreciate it. your piece is in this sunday's "new york times'" magazine. joe conason, stick around. that's your punishment, you have to stay here with donny and i. more trouble in the skies for boeing's dream larlinerdreamlin. business before the bell with cnbc's brian shactman. weight watchers online worked for us. we don't argue much. we really don't. meg usually just gets her way, and i go along with it. i think it worked for matt because i did it for him. when i'm the one cooking, i'm the one calculating the points. i can microwave things. you get to eat real food. we still get to go out. we're just so much smarter about it. we can keep each other
Search Results 0 to 24 of about 25 (some duplicates have been removed)